Crypto Has No Place in Private Banking Right Now, Pictet Says
Pictet Group and the Swiss wealth manager is warning against cryptocurrency investments. Which amid recent industry turmoil. “Crypto will be an asset class we can’t ignore. Today there’s a place for private bankers and private bank portfolios,” Tee Fong Seng. Tee Fong Seng chief is the executive of the Geneva-based firm’s Asia wealth management arm. […]
Bitcoin slides below $20,000 to the lowest level in 18 months
Bitcoin fell more than 13% at one point on Saturday. The Bitcoin falls below the $20,000 level to its weakest level. The falling happened in 18 months. It has extended a drop in investor concerns about growing problems in the industry. Investors are concerned about the pullback of riskier assets. The digital currency sector hits, […]